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Kuley plans to save $21,900 per year for 6 years. His first savings contribution is expected in 1 year. He then plans to make withdrawals
Kuley plans to save $21,900 per year for 6 years. His first savings contribution is expected in 1 year. He then plans to make withdrawals for 3 years. How much can Kuley expect to withdraw each year if he expects to earn 4.04 percent per year, he makes equal annual withdrawals, and his first withdrawal is in 6 years?
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